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FM concludes marathon Budget speech focussing on development

Nirmala Sitharaman
Nirmala Sitharaman
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Published : Feb 1, 2020, 8:12 AM IST

Updated : Feb 1, 2020, 3:55 PM IST

13:43 February 01

FM concludes Budget speech

FM Nirmala Sitharaman concluded her  Budget speech lasting over 2 hours 40 minutes.

13:39 February 01

Optional 22 % tax, plus 10 % surcharge, 4 % cess for Cooperative societies

"Option to be provided to cooperative societies to be taxed at 22% plus 10% surcharge and 4% cess, with no exemptions or deductions"

13:37 February 01

Turnover threshold for audit of MSMEs to be increased from Rs 1 cr to 5 cr

"Turnover threshold for audit of MSMEs to be increased from Rs. 1 crore to 5 crore, to those businesses which carry out less than 5% of their business in cash"

13:36 February 01

Income of charitable institutions exempted from taxation: FM

"Income of charitable institutions fully exempted from taxation. Donation to such institutions allowed as deduction in computing taxable income of donor"

13:30 February 01

Sensex tanks 582.87 points; Nifty slumps 111.70 points as FM announces Budget

Sensex tanks 582.87 points to 40,140.62; Nifty slumps 111.70 pts to 11,850.40

13:24 February 01

Dividend Distribution Tax shifted to individuals: FM

"Dividend Distribution Tax shifted to individuals from companies"

13:23 February 01

Rs 40,000 cr per annum will be revenue foregone: FM

Rs 40,000 cr per annum will be revenue foregone from new income tax rates for individuals: FM

13:23 February 01

New income tax rates will be optional, says FM

"A person earning Rs 15 lakh per anum and not availing any deductions will pay Rs 1.95 lakh tax in place of Rs 2.73 lakh
now"

13:20 February 01

India has Lowest corporate tax in the world: FM

13:17 February 01

No tax on income up to Rs. 5 lakh for Individual Tax Payers: FM

13:16 February 01

10 % tax cut for 5-7.5 lakh income; 15% tax for 7.5-10 lakh, 25% for 12.5 -15 lakh annual income

"Tax rate cut to 10 percent from 20 percent for 5-7.5 lakh income bracket, 15% tax for income between 7.5-10 lakh, and 25%  for 12.5 to 15 lakh income per year."

13:14 February 01

Receipts pegged at Rs 22.46 lakh cr; expenditure at Rs 30.42 lakh cr for 2020-21: FM

"Receipts for 2020-21 pegged at Rs 22.46 lakh cr, expenditure pegged at Rs 30.42 lakh cr"

13:10 February 01

Final report of 15th Finance Commission to be submitted later

Govt accepts recommendations of interim report of 15th Finance Commission, final report to be submitted later: FM.

13:06 February 01

International bullion exchange to be set up: FM

International bullion exchange to be set up in IF SC GIFT City: FM

13:03 February 01

Fiscal deficit pegged at 3.8%

"FY20 fiscal deficit pegged at 3.8% over the target of 3.3%"

12:53 February 01

Limit for FPI on corporate bonds increase to 15%: FM

12:50 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:49 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:48 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:48 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:47 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:42 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:42 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:37 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:32 February 01

Govt allocates Rs 28,600 crore for women-oriented programme

"Govt allocates Rs 28,600 crore for programmes specifically for women. Task force to be set up to recommend marriageable age
for women"

12:30 February 01

Govt allocates Rs 28,600 crore for women-oriented programme

"Govt allocates Rs 28,600 crore for programmes specifically for women. Task force to be set up to recommend marriageable age
for women"

12:30 February 01

Govt allocates Rs 28,600 crore for women-oriented programme

"Govt allocates Rs 28,600 crore for programmes specifically for women. Task force to be set up to recommend marriageable age
for women"

12:28 February 01

Govt allocates Rs 28,600 crore for women-oriented programme

"Govt allocates Rs 28,600 crore for programmes specifically for women. Task force to be set up to recommend marriageable age
for women"

12:25 February 01

Rs. 1.23 lakh allocated for rural development; Rs 1.6 lakh crore for agriculture, allied activities

"Rs 1.23 lakh allocated for rural development, including Panchayat, and Rs 1.6 lakh crore allocated to agriculture and allied activities"

12:18 February 01

NIRVIK scheme to launched for "smooth exports"

12:14 February 01

NIRVIK scheme to launched for "smooth exports"

12:08 February 01

NIRVIK scheme to launched for "smooth exports"

12:04 February 01

FM asks states to adopt 3 central model laws on agriculture

"States asked to adopt 3 central model laws on agri land leasing, marketing and contract farming."

12:04 February 01

Farmers with fallow or barren land will be helped to set up solar power generation units: FM

"Farmers who have fallow or barren land will be helped to set up solar power generation units and also sell surplus power to the solar grid and also make living out of even barren land."

12:02 February 01

Indian Railways will set up Kisan Rail through PPP model: FM

"To build a seamless national cold supply chain for perishables, Indian Railways will set up Kisan Rail through PPP model so that perishable goods can be transported quickly. Krishi Udaan will be launched by MoCA on international and national routes."

12:02 February 01

Government proposes 16-point action plan to boost agriculture: FM

"Government proposes 16-point action plan to boost agriculture and farmers welfare."
 

12:00 February 01

Farm markets need to be liberalized: FM

"Farm markets need to be liberalized, farming need to be made more competitive, handholding of farm-based activities needed."

11:56 February 01

Our govt is proposing comprehensive measures for 100 water-stressed districts: FM

"Our government is proposing comprehensive measures for 100 water-stressed districts in the country. Pump sets to be linked to solar panels. 20 lakhs farmers to be given standalone solar pump. another 15 lakhs will be helped with solar energy. This is a major step in making farmers having barren lands to set up solar power panels and they can sell it to the grid and make living out of it."

 

11:55 February 01

Farm markets need to be liberalized: FM

"Farm markets need to be liberalized, farming need to be made more competitive, handholding of farm-based activities needed."

11:50 February 01

Farm markets need to be liberalized: FM

"Farm markets need to be liberalized, farming need to be made more competitive, handholding of farm-based activities needed."

11:50 February 01

India uplifted 271 million people out of poverty: FM

11:48 February 01

'Aspirational India' is our goal: FM

"We will work towards taking the country forward. Artificial intelligence and Robotics will be our area of focus. The goal of the government is 'Aspirational India'. Sab ka Saath Saath Sab Ka Vishwas is the mantra of the Government"

11:47 February 01

Central government's debt has come down to 48.7% in March 2019: FM

"Central government's debt has come down to 48.7% in March 2019 from 52.2% in March 2014"

11:47 February 01

Central government's debt has come down to 48.7% in March 2019: FM

"Central government's debt has come down to 48.7% in March 2019 from 52.2% in March 2014"

11:45 February 01

GST has resulted in efficiency gains in the transport and logistics sector: FM

"GST has resulted in efficiency gains in the transport and logistics sector, inspector raj has vanished, it has benefitted Micro, Small & Medium Enterprises(MSME). Consumers have got an annual benefit of 1 lakh crore rupees by GST."

11:44 February 01

FM underlines some of the achievements of the Modi 2.0 government.

11:44 February 01

Average household now saves 4 percent in monthly expense after rollout of GST: FM

"Average household now saves 4 percent in monthly expense after rollout of GST, says FM. Unprecedented milestones achieved under Modi Government"

11:42 February 01

GST returns will be simplified in coming months: FM

"GST returns will be simplified in coming months. We are for Ease of Doing Living. We will work towards taking the country forward"

11:41 February 01

Budget is for boosting income, purchasing power of people: FM

FM Nirmala Sitharaman's Budget speech: "Budget is for boosting income, purchasing power of people"

11:41 February 01

Budget is for boosting income, purchasing power of people: FM

FM Nirmala Sitharaman's Budget speech: "Budget is for boosting income, purchasing power of people"

11:38 February 01

Fundamentals of economy strong, inflation well contained: FM

"Fundamentals of economy strong, inflation well contained, banks cleaned up accumulated loans"

11:34 February 01

FM Nirmala Sitharaman's Budget speech:

With renewed vigour, under PM's leadership, we commit ourselves to present the people of India with all humility and dedication. People have reposed faith in our economic policy.


 

11:34 February 01

GST has resulted in efficiency gains in transport and logistics sector: FM Sitharaman

FM Nirmala Sitharaman's Budget speech: "GST has resulted in efficiency gains in transport and logistics sector, inspector raj has vanished, it has benefitted MSME Consumers have got a annual benefit of 1 lakh crore rupees by GST."

11:30 February 01

FM Nirmala Sitharaman's Budget speech:

With renewed vigour, under PM's leadership, we commit ourselves to present the people of India with all humility and dedication. People have reposed faith in our economic policy.


 

11:29 February 01

FM Nirmala Sitharaman's Budget speech:

With renewed vigour, under PM's leadership, we commit ourselves to present the people of India with all humility and dedication. People have reposed faith in our economic policy.


 

11:28 February 01

FM Nirmala Sitharaman begins her budget speech

11:25 February 01

Budget 2020 aims to fulfill aspirations of minorities, women, SCs, STs: FM Nirmala Sitharaman

FM Nirmala Sitharaman:

"Our people should be gainfully employed, our businesses should be healthy, for all minorities, women and people from SCs and STs, this Budget aims to fulfill their aspirations"

11:24 February 01

FM Nirmala Sitharaman begins her budget speech

11:23 February 01

FM underlines some of the achievements of the Modi 2.0 government.
FM underlines some of the achievements of the Modi 2.0 government.

BJP MPs Hema Malini,Ravi Kishan, and Sunny Deol arrive at Parliament.

11:21 February 01

We're expecting some areas of guidance: ASSOCHAM

Vineet Agarwal, Senior Vice President, ASSOCHAM on Union Budget 2020:

"Our expectation from Budget 2020 is to see how govt policies will align with the country's and PM's goal of $5 trillion economy. We're expecting some areas of guidance from the govt and policies that could help us to lead towards that."

11:18 February 01

BJP MPs Hema Malini,Ravi Kishan, and Sunny Deol arrive at Parliament.

11:17 February 01

We're expecting some areas of guidance: ASSOCHAM

Vineet Agarwal, Senior Vice President, ASSOCHAM on Union Budget 2020:

"Our expectation from Budget 2020 is to see how govt policies will align with the country's and PM's goal of $5 trillion economy. We're expecting some areas of guidance from the govt and policies that could help us to lead towards that."

11:17 February 01

Real estate sector should become an industry: Amit Gossain

Amit Gossain, MD, Kone Elevators on Budget 2020:

"Real estate sector should become an industry and I think they will do something about it. Real Estate is still struggling. There is liquidity crisis. It should be taken care of. Once real estate picks up it is good for employment too. Amit Gossain, MD, Kone Elevators on Budget 2020: Real estate sector should become an industry& I think they will do something about it. Real Estate is still struggling. There are liquidity crisis. It should be taken care of. Once real estate picks up it is good for employment too."
 

11:15 February 01

We're expecting some areas of guidance: ASSOCHAM

Vineet Agarwal, Senior Vice President, ASSOCHAM on Union Budget 2020:

"Our expectation from Budget 2020 is to see how govt policies will align with the country's and PM's goal of $5 trillion economy. We're expecting some areas of guidance from the govt and policies that could help us to lead towards that."

11:15 February 01

Union Cabinet approves Budget 2020

Union Cabinet approves Budget 2020, which is to be presented by Finance Minister Nirmala Sitharaman in Lok Sabha shortly.

11:13 February 01

FM Sitharaman's family arrive at Parliament

Finance Minister Nirmala Sitharaman's family including her daughter Parakala Vangmayi arrive at Parliament

11:10 February 01

The Finance Minister pitches for structural reforms in the economy
The Finance Minister pitches for structural reforms in the economy

FM Sitharaman's family arrive at Parliament

Finance Minister Nirmala Sitharaman's family including her daughter Parakala Vangmayi arrive at Parliament

11:10 February 01

FM Sitharaman's family arrive at Parliament

Finance Minister Nirmala Sitharaman's family including her daughter Parakala Vangmayi arrive at Parliament

11:08 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

11:08 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

11:06 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

11:06 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

11:01 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:58 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:56 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:55 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:52 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:36 February 01

FM Sitharaman's family arrive at Parliament
FM Sitharaman's family arrive at Parliament

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:31 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:25 February 01

PM Modi arrives in Parliament
PM Modi arrives in Parliament

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

10:23 February 01

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

10:11 February 01

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

10:05 February 01

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

09:59 February 01

I've never seen a liquidity crisis as bad as it is today: N Hiranandani
I've never seen a liquidity crisis as bad as it is today: N Hiranandani

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

09:59 February 01

Union Cabinet Secretary Rajiv Gauba arrives at the Parliament
Union Cabinet Secretary Rajiv Gauba arrives at the Parliament

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

09:52 February 01

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

09:51 February 01

FM calls on President Ram Nath Kovind at Rashtrapati Bhavan
FM calls on President Ram Nath Kovind at Rashtrapati Bhavan

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

09:34 February 01

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

09:18 February 01

09:18 February 01

Finance Minister Nirmala Sitharaman with Bahi-Khata
Finance Minister Nirmala Sitharaman with Bahi-Khata

09:18 February 01

09:10 February 01

09:00 February 01

New Delhi: Finance Minister Nirmala Sitharaman will present the budget of the second term of the Narendra Modi government on Saturday.

This will also be the second budget for Sitharaman, who became the second woman finance minister after Indira Gandhi to do so in the history of independent India. Sitharaman will present the full-year budget for the year ending March 2021.

The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually, the duration of the presentation ranges from 90 to 120 minutes.

The Finance Minister on Friday tabled in Parliament the pre-Budget Economic Survey for 2019-20, which projected the state of the economy and outlined its challenges.

08:57 February 01

MoS Finance Anurag Thakur arrives at the Ministry of Finance.
MoS Finance Anurag Thakur arrives at the Ministry of Finance.

New Delhi: Finance Minister Nirmala Sitharaman will present the budget of the second term of the Narendra Modi government on Saturday.

This will also be the second budget for Sitharaman, who became the second woman finance minister after Indira Gandhi to do so in the history of independent India. Sitharaman will present the full-year budget for the year ending March 2021.

The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually, the duration of the presentation ranges from 90 to 120 minutes.

The Finance Minister on Friday tabled in Parliament the pre-Budget Economic Survey for 2019-20, which projected the state of the economy and outlined its challenges.

08:56 February 01

New Delhi: Finance Minister Nirmala Sitharaman will present the budget of the second term of the Narendra Modi government on Saturday.

This will also be the second budget for Sitharaman, who became the second woman finance minister after Indira Gandhi to do so in the history of independent India. Sitharaman will present the full-year budget for the year ending March 2021.

The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually, the duration of the presentation ranges from 90 to 120 minutes.

The Finance Minister on Friday tabled in Parliament the pre-Budget Economic Survey for 2019-20, which projected the state of the economy and outlined its challenges.

08:51 February 01

MoS Finance Anurag Thakur offers prayers at his residence.
MoS Finance Anurag Thakur offers prayers at his residence.

New Delhi: Finance Minister Nirmala Sitharaman will present the budget of the second term of the Narendra Modi government on Saturday.

This will also be the second budget for Sitharaman, who became the second woman finance minister after Indira Gandhi to do so in the history of independent India. Sitharaman will present the full-year budget for the year ending March 2021.

The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually, the duration of the presentation ranges from 90 to 120 minutes.

The Finance Minister on Friday tabled in Parliament the pre-Budget Economic Survey for 2019-20, which projected the state of the economy and outlined its challenges.

08:07 February 01

Pre-Budget Cabinet meet to begin soon

New Delhi: Finance Minister Nirmala Sitharaman will present the budget of the second term of the Narendra Modi government on Saturday.

This will also be the second budget for Sitharaman, who became the second woman finance minister after Indira Gandhi to do so in the history of independent India. Sitharaman will present the full-year budget for the year ending March 2021.

The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually, the duration of the presentation ranges from 90 to 120 minutes.

The Finance Minister on Friday tabled in Parliament the pre-Budget Economic Survey for 2019-20, which projected the state of the economy and outlined its challenges.

13:43 February 01

FM concludes Budget speech

FM Nirmala Sitharaman concluded her  Budget speech lasting over 2 hours 40 minutes.

13:39 February 01

Optional 22 % tax, plus 10 % surcharge, 4 % cess for Cooperative societies

"Option to be provided to cooperative societies to be taxed at 22% plus 10% surcharge and 4% cess, with no exemptions or deductions"

13:37 February 01

Turnover threshold for audit of MSMEs to be increased from Rs 1 cr to 5 cr

"Turnover threshold for audit of MSMEs to be increased from Rs. 1 crore to 5 crore, to those businesses which carry out less than 5% of their business in cash"

13:36 February 01

Income of charitable institutions exempted from taxation: FM

"Income of charitable institutions fully exempted from taxation. Donation to such institutions allowed as deduction in computing taxable income of donor"

13:30 February 01

Sensex tanks 582.87 points; Nifty slumps 111.70 points as FM announces Budget

Sensex tanks 582.87 points to 40,140.62; Nifty slumps 111.70 pts to 11,850.40

13:24 February 01

Dividend Distribution Tax shifted to individuals: FM

"Dividend Distribution Tax shifted to individuals from companies"

13:23 February 01

Rs 40,000 cr per annum will be revenue foregone: FM

Rs 40,000 cr per annum will be revenue foregone from new income tax rates for individuals: FM

13:23 February 01

New income tax rates will be optional, says FM

"A person earning Rs 15 lakh per anum and not availing any deductions will pay Rs 1.95 lakh tax in place of Rs 2.73 lakh
now"

13:20 February 01

India has Lowest corporate tax in the world: FM

13:17 February 01

No tax on income up to Rs. 5 lakh for Individual Tax Payers: FM

13:16 February 01

10 % tax cut for 5-7.5 lakh income; 15% tax for 7.5-10 lakh, 25% for 12.5 -15 lakh annual income

"Tax rate cut to 10 percent from 20 percent for 5-7.5 lakh income bracket, 15% tax for income between 7.5-10 lakh, and 25%  for 12.5 to 15 lakh income per year."

13:14 February 01

Receipts pegged at Rs 22.46 lakh cr; expenditure at Rs 30.42 lakh cr for 2020-21: FM

"Receipts for 2020-21 pegged at Rs 22.46 lakh cr, expenditure pegged at Rs 30.42 lakh cr"

13:10 February 01

Final report of 15th Finance Commission to be submitted later

Govt accepts recommendations of interim report of 15th Finance Commission, final report to be submitted later: FM.

13:06 February 01

International bullion exchange to be set up: FM

International bullion exchange to be set up in IF SC GIFT City: FM

13:03 February 01

Fiscal deficit pegged at 3.8%

"FY20 fiscal deficit pegged at 3.8% over the target of 3.3%"

12:53 February 01

Limit for FPI on corporate bonds increase to 15%: FM

12:50 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:49 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:48 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:48 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:47 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:42 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:42 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:37 February 01

FM allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

"Rs 3,150 cr allocated for ministry of culture, Rs 2,500 cr for ministry of tourism"
 

12:32 February 01

Govt allocates Rs 28,600 crore for women-oriented programme

"Govt allocates Rs 28,600 crore for programmes specifically for women. Task force to be set up to recommend marriageable age
for women"

12:30 February 01

Govt allocates Rs 28,600 crore for women-oriented programme

"Govt allocates Rs 28,600 crore for programmes specifically for women. Task force to be set up to recommend marriageable age
for women"

12:30 February 01

Govt allocates Rs 28,600 crore for women-oriented programme

"Govt allocates Rs 28,600 crore for programmes specifically for women. Task force to be set up to recommend marriageable age
for women"

12:28 February 01

Govt allocates Rs 28,600 crore for women-oriented programme

"Govt allocates Rs 28,600 crore for programmes specifically for women. Task force to be set up to recommend marriageable age
for women"

12:25 February 01

Rs. 1.23 lakh allocated for rural development; Rs 1.6 lakh crore for agriculture, allied activities

"Rs 1.23 lakh allocated for rural development, including Panchayat, and Rs 1.6 lakh crore allocated to agriculture and allied activities"

12:18 February 01

NIRVIK scheme to launched for "smooth exports"

12:14 February 01

NIRVIK scheme to launched for "smooth exports"

12:08 February 01

NIRVIK scheme to launched for "smooth exports"

12:04 February 01

FM asks states to adopt 3 central model laws on agriculture

"States asked to adopt 3 central model laws on agri land leasing, marketing and contract farming."

12:04 February 01

Farmers with fallow or barren land will be helped to set up solar power generation units: FM

"Farmers who have fallow or barren land will be helped to set up solar power generation units and also sell surplus power to the solar grid and also make living out of even barren land."

12:02 February 01

Indian Railways will set up Kisan Rail through PPP model: FM

"To build a seamless national cold supply chain for perishables, Indian Railways will set up Kisan Rail through PPP model so that perishable goods can be transported quickly. Krishi Udaan will be launched by MoCA on international and national routes."

12:02 February 01

Government proposes 16-point action plan to boost agriculture: FM

"Government proposes 16-point action plan to boost agriculture and farmers welfare."
 

12:00 February 01

Farm markets need to be liberalized: FM

"Farm markets need to be liberalized, farming need to be made more competitive, handholding of farm-based activities needed."

11:56 February 01

Our govt is proposing comprehensive measures for 100 water-stressed districts: FM

"Our government is proposing comprehensive measures for 100 water-stressed districts in the country. Pump sets to be linked to solar panels. 20 lakhs farmers to be given standalone solar pump. another 15 lakhs will be helped with solar energy. This is a major step in making farmers having barren lands to set up solar power panels and they can sell it to the grid and make living out of it."

 

11:55 February 01

Farm markets need to be liberalized: FM

"Farm markets need to be liberalized, farming need to be made more competitive, handholding of farm-based activities needed."

11:50 February 01

Farm markets need to be liberalized: FM

"Farm markets need to be liberalized, farming need to be made more competitive, handholding of farm-based activities needed."

11:50 February 01

India uplifted 271 million people out of poverty: FM

11:48 February 01

'Aspirational India' is our goal: FM

"We will work towards taking the country forward. Artificial intelligence and Robotics will be our area of focus. The goal of the government is 'Aspirational India'. Sab ka Saath Saath Sab Ka Vishwas is the mantra of the Government"

11:47 February 01

Central government's debt has come down to 48.7% in March 2019: FM

"Central government's debt has come down to 48.7% in March 2019 from 52.2% in March 2014"

11:47 February 01

Central government's debt has come down to 48.7% in March 2019: FM

"Central government's debt has come down to 48.7% in March 2019 from 52.2% in March 2014"

11:45 February 01

GST has resulted in efficiency gains in the transport and logistics sector: FM

"GST has resulted in efficiency gains in the transport and logistics sector, inspector raj has vanished, it has benefitted Micro, Small & Medium Enterprises(MSME). Consumers have got an annual benefit of 1 lakh crore rupees by GST."

11:44 February 01

FM underlines some of the achievements of the Modi 2.0 government.

11:44 February 01

Average household now saves 4 percent in monthly expense after rollout of GST: FM

"Average household now saves 4 percent in monthly expense after rollout of GST, says FM. Unprecedented milestones achieved under Modi Government"

11:42 February 01

GST returns will be simplified in coming months: FM

"GST returns will be simplified in coming months. We are for Ease of Doing Living. We will work towards taking the country forward"

11:41 February 01

Budget is for boosting income, purchasing power of people: FM

FM Nirmala Sitharaman's Budget speech: "Budget is for boosting income, purchasing power of people"

11:41 February 01

Budget is for boosting income, purchasing power of people: FM

FM Nirmala Sitharaman's Budget speech: "Budget is for boosting income, purchasing power of people"

11:38 February 01

Fundamentals of economy strong, inflation well contained: FM

"Fundamentals of economy strong, inflation well contained, banks cleaned up accumulated loans"

11:34 February 01

FM Nirmala Sitharaman's Budget speech:

With renewed vigour, under PM's leadership, we commit ourselves to present the people of India with all humility and dedication. People have reposed faith in our economic policy.


 

11:34 February 01

GST has resulted in efficiency gains in transport and logistics sector: FM Sitharaman

FM Nirmala Sitharaman's Budget speech: "GST has resulted in efficiency gains in transport and logistics sector, inspector raj has vanished, it has benefitted MSME Consumers have got a annual benefit of 1 lakh crore rupees by GST."

11:30 February 01

FM Nirmala Sitharaman's Budget speech:

With renewed vigour, under PM's leadership, we commit ourselves to present the people of India with all humility and dedication. People have reposed faith in our economic policy.


 

11:29 February 01

FM Nirmala Sitharaman's Budget speech:

With renewed vigour, under PM's leadership, we commit ourselves to present the people of India with all humility and dedication. People have reposed faith in our economic policy.


 

11:28 February 01

FM Nirmala Sitharaman begins her budget speech

11:25 February 01

Budget 2020 aims to fulfill aspirations of minorities, women, SCs, STs: FM Nirmala Sitharaman

FM Nirmala Sitharaman:

"Our people should be gainfully employed, our businesses should be healthy, for all minorities, women and people from SCs and STs, this Budget aims to fulfill their aspirations"

11:24 February 01

FM Nirmala Sitharaman begins her budget speech

11:23 February 01

FM underlines some of the achievements of the Modi 2.0 government.
FM underlines some of the achievements of the Modi 2.0 government.

BJP MPs Hema Malini,Ravi Kishan, and Sunny Deol arrive at Parliament.

11:21 February 01

We're expecting some areas of guidance: ASSOCHAM

Vineet Agarwal, Senior Vice President, ASSOCHAM on Union Budget 2020:

"Our expectation from Budget 2020 is to see how govt policies will align with the country's and PM's goal of $5 trillion economy. We're expecting some areas of guidance from the govt and policies that could help us to lead towards that."

11:18 February 01

BJP MPs Hema Malini,Ravi Kishan, and Sunny Deol arrive at Parliament.

11:17 February 01

We're expecting some areas of guidance: ASSOCHAM

Vineet Agarwal, Senior Vice President, ASSOCHAM on Union Budget 2020:

"Our expectation from Budget 2020 is to see how govt policies will align with the country's and PM's goal of $5 trillion economy. We're expecting some areas of guidance from the govt and policies that could help us to lead towards that."

11:17 February 01

Real estate sector should become an industry: Amit Gossain

Amit Gossain, MD, Kone Elevators on Budget 2020:

"Real estate sector should become an industry and I think they will do something about it. Real Estate is still struggling. There is liquidity crisis. It should be taken care of. Once real estate picks up it is good for employment too. Amit Gossain, MD, Kone Elevators on Budget 2020: Real estate sector should become an industry& I think they will do something about it. Real Estate is still struggling. There are liquidity crisis. It should be taken care of. Once real estate picks up it is good for employment too."
 

11:15 February 01

We're expecting some areas of guidance: ASSOCHAM

Vineet Agarwal, Senior Vice President, ASSOCHAM on Union Budget 2020:

"Our expectation from Budget 2020 is to see how govt policies will align with the country's and PM's goal of $5 trillion economy. We're expecting some areas of guidance from the govt and policies that could help us to lead towards that."

11:15 February 01

Union Cabinet approves Budget 2020

Union Cabinet approves Budget 2020, which is to be presented by Finance Minister Nirmala Sitharaman in Lok Sabha shortly.

11:13 February 01

FM Sitharaman's family arrive at Parliament

Finance Minister Nirmala Sitharaman's family including her daughter Parakala Vangmayi arrive at Parliament

11:10 February 01

The Finance Minister pitches for structural reforms in the economy
The Finance Minister pitches for structural reforms in the economy

FM Sitharaman's family arrive at Parliament

Finance Minister Nirmala Sitharaman's family including her daughter Parakala Vangmayi arrive at Parliament

11:10 February 01

FM Sitharaman's family arrive at Parliament

Finance Minister Nirmala Sitharaman's family including her daughter Parakala Vangmayi arrive at Parliament

11:08 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

11:08 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

11:06 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

11:06 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

11:01 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:58 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:56 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:55 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:52 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:36 February 01

FM Sitharaman's family arrive at Parliament
FM Sitharaman's family arrive at Parliament

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:31 February 01

GST collection crosses Rs 1 lakh crore-mark

Goods and services tax (GST) collection has crossed the Rs 1 lakh crore-mark for the third month in a row in January on the back of anti-evasion steps taken by tax officers.

This is the second time since the introduction of GST in July 2017 that the monthly revenues have crossed Rs 1.1 lakh crore.

10:25 February 01

PM Modi arrives in Parliament
PM Modi arrives in Parliament

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

10:23 February 01

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

10:11 February 01

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

10:05 February 01

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

09:59 February 01

I've never seen a liquidity crisis as bad as it is today: N Hiranandani
I've never seen a liquidity crisis as bad as it is today: N Hiranandani

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

09:59 February 01

Union Cabinet Secretary Rajiv Gauba arrives at the Parliament
Union Cabinet Secretary Rajiv Gauba arrives at the Parliament

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

09:52 February 01

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

09:51 February 01

FM calls on President Ram Nath Kovind at Rashtrapati Bhavan
FM calls on President Ram Nath Kovind at Rashtrapati Bhavan

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

09:34 February 01

Sensex down by 140 points; Nifty down by 126.50 points

Sensex at 40,576, down by 140 points; Nifty at 11,910, down by 126.50 points before FM Nirmala Sitharaman presents Budget 2020.

09:18 February 01

09:18 February 01

Finance Minister Nirmala Sitharaman with Bahi-Khata
Finance Minister Nirmala Sitharaman with Bahi-Khata

09:18 February 01

09:10 February 01

09:00 February 01

New Delhi: Finance Minister Nirmala Sitharaman will present the budget of the second term of the Narendra Modi government on Saturday.

This will also be the second budget for Sitharaman, who became the second woman finance minister after Indira Gandhi to do so in the history of independent India. Sitharaman will present the full-year budget for the year ending March 2021.

The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually, the duration of the presentation ranges from 90 to 120 minutes.

The Finance Minister on Friday tabled in Parliament the pre-Budget Economic Survey for 2019-20, which projected the state of the economy and outlined its challenges.

08:57 February 01

MoS Finance Anurag Thakur arrives at the Ministry of Finance.
MoS Finance Anurag Thakur arrives at the Ministry of Finance.

New Delhi: Finance Minister Nirmala Sitharaman will present the budget of the second term of the Narendra Modi government on Saturday.

This will also be the second budget for Sitharaman, who became the second woman finance minister after Indira Gandhi to do so in the history of independent India. Sitharaman will present the full-year budget for the year ending March 2021.

The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually, the duration of the presentation ranges from 90 to 120 minutes.

The Finance Minister on Friday tabled in Parliament the pre-Budget Economic Survey for 2019-20, which projected the state of the economy and outlined its challenges.

08:56 February 01

New Delhi: Finance Minister Nirmala Sitharaman will present the budget of the second term of the Narendra Modi government on Saturday.

This will also be the second budget for Sitharaman, who became the second woman finance minister after Indira Gandhi to do so in the history of independent India. Sitharaman will present the full-year budget for the year ending March 2021.

The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually, the duration of the presentation ranges from 90 to 120 minutes.

The Finance Minister on Friday tabled in Parliament the pre-Budget Economic Survey for 2019-20, which projected the state of the economy and outlined its challenges.

08:51 February 01

MoS Finance Anurag Thakur offers prayers at his residence.
MoS Finance Anurag Thakur offers prayers at his residence.

New Delhi: Finance Minister Nirmala Sitharaman will present the budget of the second term of the Narendra Modi government on Saturday.

This will also be the second budget for Sitharaman, who became the second woman finance minister after Indira Gandhi to do so in the history of independent India. Sitharaman will present the full-year budget for the year ending March 2021.

The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually, the duration of the presentation ranges from 90 to 120 minutes.

The Finance Minister on Friday tabled in Parliament the pre-Budget Economic Survey for 2019-20, which projected the state of the economy and outlined its challenges.

08:07 February 01

Pre-Budget Cabinet meet to begin soon

New Delhi: Finance Minister Nirmala Sitharaman will present the budget of the second term of the Narendra Modi government on Saturday.

This will also be the second budget for Sitharaman, who became the second woman finance minister after Indira Gandhi to do so in the history of independent India. Sitharaman will present the full-year budget for the year ending March 2021.

The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually, the duration of the presentation ranges from 90 to 120 minutes.

The Finance Minister on Friday tabled in Parliament the pre-Budget Economic Survey for 2019-20, which projected the state of the economy and outlined its challenges.

Intro:Body:

New Delhi: Finance Minister Nirmala Sitharaman will present the budget of the second term of the Narendra Modi government on Saturday .

This will also be the second budget for Sitharaman, who became the second woman finance minister after Indira Gandhi to do so in the history of independent India. Sitharaman will present the full-year budget for the year ending March 2021.

The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually, the duration of the presentation ranges from 90 to 120 minutes.

The Finance Minister on Friday tabled in Parliament the pre-Budget Economic Survey for 2019-20, which projected the state of the economy and outlined its challenges.


Conclusion:
Last Updated : Feb 1, 2020, 3:55 PM IST
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